Ca(ir)n India Fly?
Cairn Energy PLC has moved to seize Air India’s assets to enforce a $1.2 billion arbitration award it won against a retrospective tax demand by the Indian government. Vyapak Desai of Nishith Desai Associates along with Mukesh Butani, Managing Partner at BMR Legal Advocates and Deepshikha Sikarwar of The Economic Times explain what this could mean for India as an investment destination.
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